Food delivery company Swiggy will lay off more than 1,000 employees over the next few days. The company said in a statement on Monday that the coron virus epidemic has severely affected demand. In an email sent to employees, Shrihari Magiti, co-founder and CEO of Swiggy, wrote that in the next few days, we will have to lay off 1,100 of the staff deployed in cities and head offices.
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He said, “Kovid may be long-term tailwinds for the delivery business and digital commerce until things settle down, but no one knows how long the uncertainty will last. Therefore, we need to be prepared by this winter. “He said Swiggy would have to cut expenses to be able to benefit from smaller orders than before. The same restaurant aggregator Zomato said Swiggy’s move About 13% of its workforce will be laid off.
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Magity said Swiggy would close adjacent businesses that are either going to be highly volatile or not be highly relevant for the next 18 months. He said that “The biggest impact here has been on the business of cloud kitchens. Since the inception of Kovid we have already started the process of closing the kitchen facilities.